# PPP loan: PREFERRED FOOD SERVICE INC.
> **$335K** approved 04/14/2020 · Paid in Full · Loan `7151647106`
## Borrower
- **Name:** PREFERRED FOOD SERVICE INC.
- **Address:** 4848 Long Beach Ave., LOS ANGELES, CA, 90058-0328
- **NAICS:** 424420
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $335K
- **Initial approval:** $335K
- **Forgiven:** $338K (101%)
- **Forgiveness date:** 04/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $335K
- **Jobs reported:** 34
## Lender
- **Originating:** American Business Bank
- **Servicing:** American Business Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*